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Jul 9, 2012
07/12
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lower taxes is better for the economy. higher taxes is not the answer to grow the economy. it's just not true. >> except that it did in the clinton administration. >> which i think speaks to the -- this is the core of the argument here and i think this is the point that many have made regarding whether you start at 250,000 or whether it's a million, the bottom line, republicans do not believe in adjusting their thoughts, period. the president has positioned himself on the opposite side of the arguments. as we like to say, the voter will decide. we did not decide that. >>> coming up, robert -- >> are you suggesting that mitt romney's guilty of some kind of felony here? >> deale, what i'm suggesting i nobody has any idea. the only person with the tax returns is mitt romney. >> they launch an attack on mitt romney's offshore bank accounts. they are legal but is he being transparent? but in today's "news nation," getting to know you. an airline is giving ipads to crew members so they can google passengers. one traveller calls it creepy. it's our gut check. what do they want to
lower taxes is better for the economy. higher taxes is not the answer to grow the economy. it's just not true. >> except that it did in the clinton administration. >> which i think speaks to the -- this is the core of the argument here and i think this is the point that many have made regarding whether you start at 250,000 or whether it's a million, the bottom line, republicans do not believe in adjusting their thoughts, period. the president has positioned himself on the opposite...
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Oct 25, 2011
10/11
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if the plan with taxes is to tax the money, that's what we do. we don't tax behavior and consumption, but that's for a different show. we tax money. that's fine. everybody pays 20%. is it every person that pays 20% or the money that needs to be taxed. if it is the money, isn't it interesting that 40% of all of the money in our country is with 1% of the people. if you actually -- the irony is an actual flat tax is not a flat tax applied to human beings. it is a flat tax applied to the revenue generation of who controls capital. if you really wanted a flat tax, you get 40% of the revenue from 1% of the people and you are allowing 1% of the people to keep 40% of the money. that's one issue. the corporate tax rate, 35 to 20%. >> right. >> that sounds good. okay. here's the issue. first of all, as we know, ge pays 0% and the vast majority of corporations do not pay anywhere close to 35%. the average is well south of the 20% that governor perry is advocating. when we watch the presidential candidates, we can't prevent them from saying what they want. >
if the plan with taxes is to tax the money, that's what we do. we don't tax behavior and consumption, but that's for a different show. we tax money. that's fine. everybody pays 20%. is it every person that pays 20% or the money that needs to be taxed. if it is the money, isn't it interesting that 40% of all of the money in our country is with 1% of the people. if you actually -- the irony is an actual flat tax is not a flat tax applied to human beings. it is a flat tax applied to the revenue...
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Jul 17, 2012
07/12
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you take his charitable contributions and his taxes, it's way more than most people pay in taxes and it's surely more than 40%, i'm sure. because he gives so much in charity. >> if that's not pulling at straws, i don't know what is. mitt romney and ann gave 14% of their income, $4 million in 2011, 19% of their income that they brought in. but what does your charitable contributions have to do with anything? i think that's part of the problem, they're pulling at straws, the few republicans coming in trying to explain away this tax issue. >> they are grasping at straws, but i think it's a valid point that if we were to go over every tiny detail in this tax return, we can point to things that he did that were virtuous as well, including charable giving and i don't think it's the same as the taxes that you were forced to give to the government. >> jimmy let me play, governor romney came out with some remarks, and he's come out swinging on what obama said on small businesses yesterday in idea idea, he said somebody invested in roads and bridges, and if you've got a bids, you didn't build
you take his charitable contributions and his taxes, it's way more than most people pay in taxes and it's surely more than 40%, i'm sure. because he gives so much in charity. >> if that's not pulling at straws, i don't know what is. mitt romney and ann gave 14% of their income, $4 million in 2011, 19% of their income that they brought in. but what does your charitable contributions have to do with anything? i think that's part of the problem, they're pulling at straws, the few republicans...
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Sep 28, 2015
09/15
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there will be a major tax reduction. it will simplify the tax code. it will grow the american economy at a level that it hasn't seen for decades. and all of this does not add to our deficit. but i'll also be discussing some of that at the end, because we have to make much better deals, we have to negotiate much harder, to make our economy strong. changes for individuals will be at levels that you haven't seen in a long time. we're going to cut the individual rates from seven brackets to four. simplification. 25%, 20%, 10%, and 0. if you're single and your honor le blsh if you're single and earn less than $25,000 a year or married, and jointly -- and jointly -- earn $50,000 -- so, very important. if you're single and earn less than $25,000, or married and jointly earn less than $50,000, you'll not pay any income tax. nothing. this eliminates very strongly and quickly the marriage penalty. very unfair penalty. it eliminates the amt which is the alternative minimum tax. it ends the death tax. it is a double taxation. a lot of families go through hell ove
there will be a major tax reduction. it will simplify the tax code. it will grow the american economy at a level that it hasn't seen for decades. and all of this does not add to our deficit. but i'll also be discussing some of that at the end, because we have to make much better deals, we have to negotiate much harder, to make our economy strong. changes for individuals will be at levels that you haven't seen in a long time. we're going to cut the individual rates from seven brackets to four....
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Nov 26, 2012
11/12
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but all of the other tax changes would be for next year's taxes, not this year's taxes. so you don't see that immediate impact. and then the stupid across-the-board cuts, congress should revisit that. we could find reductions of $100 billion that aren't across the board where you cut things that are useful and working well as much as things that are losers and go away. >> so under your theory and that of several ores, there's not as you referred to an economic calamity. but you and i both know for example wall street. we keep hearing these business leaders and so many others are nervous and we could see an immediate reaction there if some type of deal is not reached before january 1st. >> sure. the millionaires and billionaires, they've got a sweet deal now. they will make a lot of noise to say, raise my tax rates and i'll stop investing. of course, these are the same people who spent $400 million, $500 million to get a president hired that would cut their taxes. >> it would certainly affect it if the white house is saying you'll go off this cliff. you're looking at them
but all of the other tax changes would be for next year's taxes, not this year's taxes. so you don't see that immediate impact. and then the stupid across-the-board cuts, congress should revisit that. we could find reductions of $100 billion that aren't across the board where you cut things that are useful and working well as much as things that are losers and go away. >> so under your theory and that of several ores, there's not as you referred to an economic calamity. but you and i both...
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Nov 30, 2011
11/11
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your taxes -- your taxes today, the average middle class family, your taxes today are lower than when i took office. just remember that. we have cut taxes for small businesses, not once, not twice, but 17 times. the average family's tax burden is among the lowest it's been in the last 60 years. so the problem is not that we've been raising taxes. we've been trying to give families a break during these tough times. here's the thing. that pay roll tax cut that we passed in december of last year, it is set to expire at the end of this year. one month from now. if that happens, if congress doesn't act to extend this tax cut, then most of you, the typical middle class family, is going to see your taxes go up by $1,000 at the worst possible time. a young lady just said she can't afford that. it would be tough for you. it would also be a massive blow for the economy because we're not fully out of the recession yet. don't take my word for it. this is what every independent economist says. he can't let this tax cut lapse right now. that's why my jobs bill, part of the american jobs act was to
your taxes -- your taxes today, the average middle class family, your taxes today are lower than when i took office. just remember that. we have cut taxes for small businesses, not once, not twice, but 17 times. the average family's tax burden is among the lowest it's been in the last 60 years. so the problem is not that we've been raising taxes. we've been trying to give families a break during these tough times. here's the thing. that pay roll tax cut that we passed in december of last year,...
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Oct 4, 2012
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to do to the tax code. he has a tax cut that would cost $5 trillion. that part is true. the president is right about that. romney said from the very beginning, he's consistent so nothing he said last night was new. it's important to put that clearly. he's always said he will pay for that tax cut. that tax cut will not be passed the way it is currently in. he will work with congress to find offsets. romney has not named any offsets or shown how to pay for it, and it's not clear that he can, given the size of it and given his promise of not letting it become a tax cut for the rich. that's what romney did last night. every time obama said you have a $5 trillion tax cut, he said no i don't. the truth is we don't know what it is. as he's running for president, i think it's information that we're frankly entitled to. >> let me play another clip. the president criticized romney for a lack of specifics in the tax plan and wall street reform and health care. that's how that went down. >> my experience as a governor
to do to the tax code. he has a tax cut that would cost $5 trillion. that part is true. the president is right about that. romney said from the very beginning, he's consistent so nothing he said last night was new. it's important to put that clearly. he's always said he will pay for that tax cut. that tax cut will not be passed the way it is currently in. he will work with congress to find offsets. romney has not named any offsets or shown how to pay for it, and it's not clear that he can,...
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Jun 14, 2012
06/12
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class taxes even more. this is not spin. this is not my opinion. these are facts. this is what they're presenting as their plan. this is their vision. there is nothing new. just what bill clinton has called the same ideas they've tried before except on steroids. now i understand i've got a lot of supporters here. i between speak to everybody who is watching who may not be a supporter, may be undecided or think about voting the other way. if you agree with the approach i just described, if you want to give the policies of the last decade another try, then you should vote for mr. romney. i like i said i know i've got supporters here. no, new york you should vote for his allies in congress. you should take them at their word and they will take america down this path. mr. romney is qualified to deliver on that plan. no, he is. i'm giving you an honest presentation of what he's proposing. i'm looking forward to the press following up and making sure that you know i'm not exaggerating. i believe their approach is
class taxes even more. this is not spin. this is not my opinion. these are facts. this is what they're presenting as their plan. this is their vision. there is nothing new. just what bill clinton has called the same ideas they've tried before except on steroids. now i understand i've got a lot of supporters here. i between speak to everybody who is watching who may not be a supporter, may be undecided or think about voting the other way. if you agree with the approach i just described, if you...
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Dec 5, 2011
12/11
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if the republicans are against a tax increase for individuals, if this payroll tax expires, that would mean middle class americans, families would see $1,000 added to the bill. that's a tax increase so why would the democrats compromise? >> that's why it's foolishness at this point to look too closely at the specifics. the payroll tax cut will be extended. the republicans will do this. the republican leadership began signalling aa week ago that they were going to do this. they didn't know how to convince their members, but it will be done. it is too much of a hit to consumer demand in the economy to have the unemployment insurance and/or the payroll tax cut expire. it's just not something republicans are willing to be blamed for. it will happen. the details will change many times between now and the 11th hour, but it's not a hit republicans can take politically at christmastime. >> michael, let me bring you in. it is not a story that i think people are talking about a lot around the kitchen table, because i think, like a.b., they know they have to reach a deal here. no one wants to beg
if the republicans are against a tax increase for individuals, if this payroll tax expires, that would mean middle class americans, families would see $1,000 added to the bill. that's a tax increase so why would the democrats compromise? >> that's why it's foolishness at this point to look too closely at the specifics. the payroll tax cut will be extended. the republicans will do this. the republican leadership began signalling aa week ago that they were going to do this. they didn't know...
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Sep 18, 2012
09/12
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half of them get through tax deductions and exemptions according to the tax policy center. 44% use tax deductions to help the elderly. 30% use tax deductions that aid the working poor. they use an example of a family earning $26,000. after $11,000 of standard deduction and four $3,000 exemption, they have no taxable income. many pay federal payroll, excise tax and state and income taxes. these people are not as they were referred to by governor are not getting away and getting a free ride through life. many of these are so-called poor in our country. >> i think that's the critical distinction. i'll use the word. he didn't, but this is the meaning of his statement. they are not the malingers he made them out to be. the way i expressed it on the radio today is more than 80% of that percent are elderly or working poor who pay payroll taxes. an additional fact is a number of reason why is by virtue of bush tax cuts one of the tradeoffs was to reduce the taxable earnings -- the taxes paid by those low income earners. you can blame the sponsors of the bush tax cuts if you're upset over the f
half of them get through tax deductions and exemptions according to the tax policy center. 44% use tax deductions to help the elderly. 30% use tax deductions that aid the working poor. they use an example of a family earning $26,000. after $11,000 of standard deduction and four $3,000 exemption, they have no taxable income. many pay federal payroll, excise tax and state and income taxes. these people are not as they were referred to by governor are not getting away and getting a free ride...
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Jul 10, 2012
07/12
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taxes. >> i agree. >> ann, we're out of time. hogan, happy to know we share a birthday. i can be pleasant with anyone. karen, thank you. up next, big breaking news out of newark liberty airport. an air traffic control tower was evacuated after smoke was spotted. it led to a temporary ground stop at the airport. we have more on this breaking news and the situation happening at this major airport right outside the new york area. we'll be back with more. follow the wings. this is new york state. we built the first railway and the first trade route to the west. we built the tallest skyscrapers, the greatest empires. we pushed the country forward. then, some said, we lost our edge. we couldn't match the pace of the new business world. well today, there's a new new york state. one that's working to attract businesses and create jobs. build energy highways and high-tech centers. nurture start-ups and small businesses. reduce tax burdens and provide the lowest middle class tax rate in 58 years. once
taxes. >> i agree. >> ann, we're out of time. hogan, happy to know we share a birthday. i can be pleasant with anyone. karen, thank you. up next, big breaking news out of newark liberty airport. an air traffic control tower was evacuated after smoke was spotted. it led to a temporary ground stop at the airport. we have more on this breaking news and the situation happening at this major airport right outside the new york area. we'll be back with more. follow the wings. this is new...
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Jul 16, 2012
07/12
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but his tax plan is not just to keep all the bush tax cuts. as i said, he wants to put another $5 trillion, this estimated that it's almost impossible for you to bring down the deficit and dealing with the debt with that kind of tax plan. nearly 40% of these new taxes would go to the top 1% of all households. we have not found any serious economic study that says governor romney's economic plan would actually create jobs until today. i've got to be honest, today we found out there's a new study out by nonpartisan economists that says governor romney's economic plan would, infection, create 800,000 jobs. there's only one problem. the jobs wouldn't be in america. they would not be in america. [ applause ] they would be in other countries. by eliminating taxes on foreign income, governor romney's plan would actually encourage companies to shift more of their operations to foreign tax havens creating 100,000 jobs in those other countries. now, this shouldn't be a surprise because governor romney's experience has been investing in what were called
but his tax plan is not just to keep all the bush tax cuts. as i said, he wants to put another $5 trillion, this estimated that it's almost impossible for you to bring down the deficit and dealing with the debt with that kind of tax plan. nearly 40% of these new taxes would go to the top 1% of all households. we have not found any serious economic study that says governor romney's economic plan would actually create jobs until today. i've got to be honest, today we found out there's a new study...
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Dec 6, 2011
12/11
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when the top tax rate was about 70%. under president clinton the top rate was only about 39%. today thanks to loopholes and shelters, a quarter of all millionaires now pay lower tax rates than millions of you. millions of middle class families. some billionaires have a tax rate as low as 1%. that is the height of unfairness. it is wrong. it's wrong that in the united states of america, a teacher or nurse or construction worker maybe earns $50,000 a year should pay a higher tax rate than somebody raking in $50 million. [ applause ] it's wrong for warren buffett's secretary to pay a higher tax rate than warren buffett. [ applause ] by the way, warren buffett agrees with me. so do most americans. democrats, independents and republicans. i know that many of our wealthiest citizens would agree to contribute a little more if it meant reducing the deficit and strengthening the economy that made their success possible. this is not about class warfare, but the nation's welfare. it's about making choices that benefit not just the
when the top tax rate was about 70%. under president clinton the top rate was only about 39%. today thanks to loopholes and shelters, a quarter of all millionaires now pay lower tax rates than millions of you. millions of middle class families. some billionaires have a tax rate as low as 1%. that is the height of unfairness. it is wrong. it's wrong that in the united states of america, a teacher or nurse or construction worker maybe earns $50,000 a year should pay a higher tax rate than...
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Jun 28, 2012
06/12
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this law is a tax. the bill was sold to the american people on a deception. >> michael, is that an adequate come back? this was sold on deception and now it is about whether it is a tax or not and not a penalty. and you have a choice of whether or not to get coverage, if you don't, as pete williams points out, the supreme court says you do not, then you have this penalty, but to describe it or characterize it as a tax of some sort, marco rubio says the tax will come after you if you don't get health care. >> i would argue that that statement is a bit of a deception. a tax for whom? it's an assessment against those who don't have insurance. this has to be categorized as a personal responsibility. people who have insurance don't have toç subsidize those who - to buy into the exchanges otherwise you're the ones who will be assessed a penalty in 2013 when you pay your tax bill. >> preferential tax treatment is everywhere in the tax code. i am a renter, and quite literally i pay a penalty every year to the
this law is a tax. the bill was sold to the american people on a deception. >> michael, is that an adequate come back? this was sold on deception and now it is about whether it is a tax or not and not a penalty. and you have a choice of whether or not to get coverage, if you don't, as pete williams points out, the supreme court says you do not, then you have this penalty, but to describe it or characterize it as a tax of some sort, marco rubio says the tax will come after you if you don't...
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Dec 6, 2012
12/12
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nobody even knew what the alternative minimum tax was 8, 9 years ago. now more and more americans, millions are susceptible to it. if you have to patch it for another year, i would hope to get a final solution to that situation very, very shortly because we cannot have that anxiety hanging over folks as they go to pay their taxes in february and march of next year. >> absolutely. another issue, i guess, that is seen as a complication but one that must be addressed the president says, the debt ceiling. i want to play what senator mcconnell has said regarding the president and the portion of his proposal that included the debt ceiling. let's play it. >> the last person who should have limitless borrowing power. look, the only way we cut spending around here is by using the debate over the debt limit to do it. >> i bet you don't agree with that? >> i don't agree with that. we've seen what happens. we've been brought to the brink and don't want to go back to 1995 when the folks walked out and government was shut down. what did we accomplish? i think even mr
nobody even knew what the alternative minimum tax was 8, 9 years ago. now more and more americans, millions are susceptible to it. if you have to patch it for another year, i would hope to get a final solution to that situation very, very shortly because we cannot have that anxiety hanging over folks as they go to pay their taxes in february and march of next year. >> absolutely. another issue, i guess, that is seen as a complication but one that must be addressed the president says, the...
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Sep 21, 2012
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any type of tax shelters. any type of swiss bank accounts, and that's what the romney campaign is hesitant about releasing. >> will this be equal to the information he provided to senator john mccain when he was being vetted? >> probably not. again, we still don't know. sometimes i would imagine what i've heard from these strp's vettings is you turn over the actual returns, just not a summary from your accountant as mitt romney has done. so it is probably less information, and, of course, tamr tamron, one of the interesting questions is mitt romney is dogged by this for several months. what would it have been like if he released this summary the last 20 years. what if he did it in june or july. >> thank you very much. >>> to ha hotly contested massachusetts senate race that could tip the balance of power in washington. challenger elizabeth warren expected to get a big boost in the next hour with a much sought after endorsement of boston's mayor. it's one day after her tense and personal first debate with repub
any type of tax shelters. any type of swiss bank accounts, and that's what the romney campaign is hesitant about releasing. >> will this be equal to the information he provided to senator john mccain when he was being vetted? >> probably not. again, we still don't know. sometimes i would imagine what i've heard from these strp's vettings is you turn over the actual returns, just not a summary from your accountant as mitt romney has done. so it is probably less information, and, of...
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Dec 3, 2012
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middle class tax cuts to proceed? that's their choice, and i think people like tom cole recognize that it's unsustainable to take the position that nobody gets tax relief because they hold out for folks with 250,000 and over to get this extra tax cut on the portion of their income above 250,000. after all, what the president is saying on that part of your income above 250,000, you're going back to the clinton era tax raites, which is 4 cents on the dollar. >> congressman van hollen, thank you for your time. we'll see what happens next. thank you, sir. >>> we could soon learn who the president wants to be the next secretary of state. chuck todd says a decision could come this week, but as we get closer to a decision, the partisan divide over the potential nomination of susan rice, considered the front-runner, seems to be intensifying. >> when it comes to susan rice as far as lindsey graham is concerned i find great fault with what she said on 16th of september. in other areas i find her lacking when it comes to being t
middle class tax cuts to proceed? that's their choice, and i think people like tom cole recognize that it's unsustainable to take the position that nobody gets tax relief because they hold out for folks with 250,000 and over to get this extra tax cut on the portion of their income above 250,000. after all, what the president is saying on that part of your income above 250,000, you're going back to the clinton era tax raites, which is 4 cents on the dollar. >> congressman van hollen, thank...
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Apr 18, 2012
04/12
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they want to give me more of a tax break. i just paid taxes. it is not like i love paying taxes. you know, i can afford it. i don't need another tax break. right now companies can't find enough qualified workers for the jobs they need to fill. programs like this are training hundreds of thousands of workers with the skills that companies are looking for and it is working and it is going to help america grow. i have seen it. here in lorraine county 90% of the people graduating from this program have a job three months later, 90%. that's a big deal. why would we want to cut this program to give folks like me a tax cut that we don't need and that the country can't afford? what's the better way to make our economy stronger? give more tax breaks to every millionaire and billionaire in the country or make investments in education and research and health care and job training and investments in bronson and duane and andrea and david and put folks back to work. this is just common sense. understand this is not a redistribution argument. this is not about taking from rick rich people to g
they want to give me more of a tax break. i just paid taxes. it is not like i love paying taxes. you know, i can afford it. i don't need another tax break. right now companies can't find enough qualified workers for the jobs they need to fill. programs like this are training hundreds of thousands of workers with the skills that companies are looking for and it is working and it is going to help america grow. i have seen it. here in lorraine county 90% of the people graduating from this program...
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Apr 13, 2012
04/12
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the president's assault on economic freedom begins with taxes and his tax hikes. by their very nature, taxes reduce freedom. their only role in a free economy is to fund those things that are essential like national security and to care for those who can't care for themselves. yet this president has proposed raising the marginal tax rate from 35% to 40. the vice president has now proposed a new global business tax. a new tax on revenues and the president is touring the country, 200ing a new tax on investment and the wealthy. congress does not need more money to spend. it needs to spend only what it has. the dowd frank law is another attack on economic freedom. an 848-page behemoth that will be followed with thousands and thousands of pages of new regulations. regulations, of course, are necessary. but burdensome regulations serve only to restrict freedom and imperil enterprise. and the victims of the regulation are not nameless faceless banks. they're employees, business owners, and customers who rely on banks that ultimately lose out. under president obama, burea
the president's assault on economic freedom begins with taxes and his tax hikes. by their very nature, taxes reduce freedom. their only role in a free economy is to fund those things that are essential like national security and to care for those who can't care for themselves. yet this president has proposed raising the marginal tax rate from 35% to 40. the vice president has now proposed a new global business tax. a new tax on revenues and the president is touring the country, 200ing a new tax...
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Dec 5, 2012
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low tax small government party. the other party leadership proposes, wait for it, $800 billion in tax increases. it's noted that the democrats have celebrated the proposal put out by president obama. meanwhile, you have a number of republicans slamming speaker boehner. how would you describe his position right now? >> well, he really didn't win for losing. he's trying to say to president obama if i wanted topaz your proposal i can't do it. he's really truly between a deal and promise and getting the fight over with and a conference that won't allow it. i think what senator demint is saying and house republicans are saying to john boehner is, let's go over the cliff. that we can live with the sequester and we absolutely will not raise tax rates no matter what. what that does is eliminate all of the tax cuts and then there's a new fight in january to push obviously by the democrats to restore tax cuts for 98% of americans. and then that will be muddied by the need for a debt ceiling increase and the fight goes in to f
low tax small government party. the other party leadership proposes, wait for it, $800 billion in tax increases. it's noted that the democrats have celebrated the proposal put out by president obama. meanwhile, you have a number of republicans slamming speaker boehner. how would you describe his position right now? >> well, he really didn't win for losing. he's trying to say to president obama if i wanted topaz your proposal i can't do it. he's really truly between a deal and promise and...
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Oct 19, 2011
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giving tax cuts to families. giving tax cuts to small businesses. giving tax cuts to businesses who hire our veterans. i came from hampton and we were down there talking to folk who have served our country. this 9/11 generation. and are coming back after making all those sacrifices and finding themselves fighting for work. we've got to do something about that. the question is, why congress isn't willing to move? and i just want to be fair. i sent congress the american jobs act. and my republican friends put out a plan of their own. and they started out calling it the real american jobs act. they don't get points for originality. but i did say, well, let's see what you've got. what are your ideas? the primary ideas in their jobs plan was to roll back regulation that's keep our air and water clean, to go back to the system we had on wall street that caused this crisis in the first place, to end the health care reform that we pass that had will provide 30 million people health insurance and make sure that insurance companies can't take advantage of you
giving tax cuts to families. giving tax cuts to small businesses. giving tax cuts to businesses who hire our veterans. i came from hampton and we were down there talking to folk who have served our country. this 9/11 generation. and are coming back after making all those sacrifices and finding themselves fighting for work. we've got to do something about that. the question is, why congress isn't willing to move? and i just want to be fair. i sent congress the american jobs act. and my...
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Dec 27, 2012
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our state's pay high taxes. when were there when katrina victims, that's beside the point of red or blue states. you do what you have to do. that's what needs to be done right now. not only is the budget critical right now, sandy's critical and a lot of other thing that is need to be done there. amt. >> all right. >> look at the folks -- >> congressman. >> don't have a payroll. >> congressman, i have to cut you off. >> okay. >> but thank you so much. >> thank you, craig. >> keep us posted on the progress if there is any. >>> we have developing news now from the senate. just moments ago, vice president joe biden swore in hawaii's lieutenant governor brian schatz as the state's new u.s. snr. >> do you swear to support and defend the constitution of the united states against all enemies foreign and domestic, that you will bear true faith and allegiance to the same, that you take this obligation freely without any mental reservation or purpose of evasion and that you will well and faithfully discharge the duties of
our state's pay high taxes. when were there when katrina victims, that's beside the point of red or blue states. you do what you have to do. that's what needs to be done right now. not only is the budget critical right now, sandy's critical and a lot of other thing that is need to be done there. amt. >> all right. >> look at the folks -- >> congressman. >> don't have a payroll. >> congressman, i have to cut you off. >> okay. >> but thank you so much....
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Sep 26, 2011
09/11
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and offered this push back to republican no taxes plans. indeed, the president's campaign is engaged in a full court press trying to make up for lost ground when he was
and offered this push back to republican no taxes plans. indeed, the president's campaign is engaged in a full court press trying to make up for lost ground when he was
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Dec 7, 2012
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those middle class tax cuts in that legislation would protect the tax cuts for 98% of americans and 97% of small businesses. that, as we are in the midst of the holiday season, is absolutely essential to continuing to get our economy turned around and focus on job creation. >> "the new york times" reporting today that negotiations are now down to just two people. the president, the house speaker. we know that some senate democrats dispute this. what do you think about this point with regard to the negotiations and who's in the room? >> i know that the president and his advisers are focused on making sure that in the discussions that they have with both the house and the senate that whatever plan they agree to includes a balanced approach. one that's fair to the middle class and one whose math makes sense and reaches the size of the duff sit reduction we need that doesn't balance all the pain on the backs of the middle class and that makes sure that we have suspending cuts and revenue. when it comes to entitlement reform, we have an opportunity to add another hundreds of billions of doll
those middle class tax cuts in that legislation would protect the tax cuts for 98% of americans and 97% of small businesses. that, as we are in the midst of the holiday season, is absolutely essential to continuing to get our economy turned around and focus on job creation. >> "the new york times" reporting today that negotiations are now down to just two people. the president, the house speaker. we know that some senate democrats dispute this. what do you think about this point...
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Jul 19, 2012
07/12
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or do you want to get attacked for what's in those taxes? and that's really the debate right here. quite frankly, republicans calling for mitt romney to release those taxes, there's a couple things going on here. one of them is selfishness. we're tired of coming on the shows and having the conversation about mitt romney's tax returns. we want to get past that and focus on obama's abysmal record. it's selfish. we want to get rid of those taxes so we can fox cus on the other issues. >> tell your candidate to start having transparency and di disclosing information. it's not just democrats makes the charges. republicans are saying the same things. obama campaign is saying, are exactly the same words republicans were saying about mitt romney. newt gingrich called mitt romney a liar who said he never heard of a president before who had a swiss bank account. michele bachmann called him a chameleon and rick perry called him a vulture capitalist. if republicans are saying these things about your nominee, what do you expect the democrats to say? >> ho
or do you want to get attacked for what's in those taxes? and that's really the debate right here. quite frankly, republicans calling for mitt romney to release those taxes, there's a couple things going on here. one of them is selfishness. we're tired of coming on the shows and having the conversation about mitt romney's tax returns. we want to get past that and focus on obama's abysmal record. it's selfish. we want to get rid of those taxes so we can fox cus on the other issues. >> tell...
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Dec 26, 2012
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then however it becomes no longer extending the bush tax cuts, but the obama tax cuts. president obama is associated with cutting taxes. there is political liability for them as well. the reality is they have to get off of this no tax increase nonsense. i read in the "new york times" the other day, no republican member of congress voted for it since 1990. do you believe that? we had two or three wars since that time? a tragedy at 9/11 and we had hurricane sandy. we had hurricane katrina and despite all of these, they are unwilling to raise them to support and fund our government. what does it say about the dysfunctionality? >> we will have to leave it there. happy holidays to you. joining me now on the phone, congressman gregory meeks. congressman, i just saw you downstairs in the lobby about two or three hours ago and you were waiting on a phone call to determine when you might have to go back to d.c. to hammer out fiscal cliff matters. have you gotten the call yet? >> we are still waiting. >> no word as to when you guys are going back? no sense of urgency? >> i think
then however it becomes no longer extending the bush tax cuts, but the obama tax cuts. president obama is associated with cutting taxes. there is political liability for them as well. the reality is they have to get off of this no tax increase nonsense. i read in the "new york times" the other day, no republican member of congress voted for it since 1990. do you believe that? we had two or three wars since that time? a tragedy at 9/11 and we had hurricane sandy. we had hurricane...
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Dec 31, 2012
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among the points with headway, the tax hike threshold, the estate tax and extending unemployment benefits. the remaining sticking point is rumored to be the automatic spending cuts. collectively called the sequester you have been hearing about poised to kick in tomorrow. let's get to nbc white house correspondent kristen welker there for us. what was the point here? the president decided to come out and that bully pulpit can be a powerful weapon. >> reporter: certainly can be. good afternoon to you, t.j. the president using the bully pulpit. this is a part of the pressure on congress but also democrats who might be skeptical of this compromise that is coming to fruition so he came out today with middle class americans standing behind him and made the argument if we do, in fact, go over the cliff, if the steep tax hikes and spending cuts kick in to effect tomorrow, that the average american would see their taxes increase by about $2,000. this is an argument that he has been making for quite sometime now and appeared on "meet the press" this week with a similar argument and the event a part
among the points with headway, the tax hike threshold, the estate tax and extending unemployment benefits. the remaining sticking point is rumored to be the automatic spending cuts. collectively called the sequester you have been hearing about poised to kick in tomorrow. let's get to nbc white house correspondent kristen welker there for us. what was the point here? the president decided to come out and that bully pulpit can be a powerful weapon. >> reporter: certainly can be. good...
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Nov 30, 2012
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democrats bet republicans cave on taxes. how confident are democrats that they're going to win this thing, they'll make this happen. >> they feel like this looks like the 2011 payroll tax. remember at the time house republicans were not going to pass that extension to that payroll tax holiday, but they felt boxed in at the end of the day and they eventually had to do what the president wanted. democrats believe that they have the issue here, they have a bill that passed out of the senate. they think the house will adopt it. the republicans say there is just no way that's going to happen, that in order to get any sort of deal on revenue, democrats have to -- >>> have a fantastic weekend, gentlemen. coming up, we're following developing news from the supreme court where we're waiting to hear if the high court takes up several major challenges to same-sex marriage. plus -- >> i was positioning is that the right newspapers, is that the right numbers. and i was shaking. and i called my husband and i said i think i'm having a hear
democrats bet republicans cave on taxes. how confident are democrats that they're going to win this thing, they'll make this happen. >> they feel like this looks like the 2011 payroll tax. remember at the time house republicans were not going to pass that extension to that payroll tax holiday, but they felt boxed in at the end of the day and they eventually had to do what the president wanted. democrats believe that they have the issue here, they have a bill that passed out of the senate....
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Dec 21, 2011
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it is bad tax policy to extend the tax cut for only eight weeks them want to extend it for a full year. they're sick and tired of the senate doing temporary patches and continuing resolutions and short term spending bills. the senate hasn't passed a budget and they're tired of the way that washington works. and they know that only 11% of the country approves and they want things to change. unfortunately for them, they were opposed on policy grounds to an extension of the pay roll tax cut to begin with. then they changed their minds. now they want a full extension. this is very hard to break through. to explain to americans who hate the congress, are tuned into christmas and out of the fighting in washington. want to keep their thousand dollars or more in some cases and don't want to hear any more about people staging stand-offs and brinksmanship. it will be very hard for the message to get across to the voters and they know that's why you're seeing the fight between conservative republicans and then establishment republicans who want to pack up and go home and know the politics are ter
it is bad tax policy to extend the tax cut for only eight weeks them want to extend it for a full year. they're sick and tired of the senate doing temporary patches and continuing resolutions and short term spending bills. the senate hasn't passed a budget and they're tired of the way that washington works. and they know that only 11% of the country approves and they want things to change. unfortunately for them, they were opposed on policy grounds to an extension of the pay roll tax cut to...
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Jul 13, 2012
07/12
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the conversation centered around taxes the growing pressure on mitt romney to release more of his tax returns and president's call to extend tax cuts for the middle class. >> i'm calling on congress to extend the tax cuts for the 98% of americans who make less than $250,000 for another year. >> that's another kick in the gut to the middle class in america. >> what we ought to be doing is extending the current tax rates for another year. >> the next four years we're going to have to undergo comprehensive tax reform. >> with a hard requirement to get through kprcomprehensive ta reform. >> someone who sheltered the incomes taxing in switzerland and caymans and bermuda, someone who will get us to a place of tax fairness. >> all of the taxes are paid as appropriate. all of them have been reported to the government. there is nothing hidden there. >> i think what's important if you are running for president is that the american people know who you are and what you've done and that you're an open book. >> and joining us to help break it down, what we saw all week, mark murray back with us. th
the conversation centered around taxes the growing pressure on mitt romney to release more of his tax returns and president's call to extend tax cuts for the middle class. >> i'm calling on congress to extend the tax cuts for the 98% of americans who make less than $250,000 for another year. >> that's another kick in the gut to the middle class in america. >> what we ought to be doing is extending the current tax rates for another year. >> the next four years we're going...
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Jul 30, 2013
07/13
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right now everybody knows this, our tax code is so riddled with loopholes and special interest tax breaks that a lot of companies who are doing the right thing in investing in america pay 35% in their taxes. corporations who have got fancy accountants and stash their money overseas, they pay little or nothing in taxes. that's not fair. it's not good for the economy here. so i'm willing to simplify our tax code, close those loopholes, end incentives to ship jobs overseas, lower the rate for businesses that are creating jobs here in america, provide tax incentives for manufacturers that bring jobs home to the united states. let's simplify taxes for small business owners. give them incentives to invest to they can spend less time filling out complicated forms, more time expanding and hiring. i'm willing to do all that, that should help businesses and help them grow, but if we're going to give businesses a better deal, we're also going to have to give workers a better deal, too. i want to use some of the money that we save by closing these loopholes to create more good construction jobs with
right now everybody knows this, our tax code is so riddled with loopholes and special interest tax breaks that a lot of companies who are doing the right thing in investing in america pay 35% in their taxes. corporations who have got fancy accountants and stash their money overseas, they pay little or nothing in taxes. that's not fair. it's not good for the economy here. so i'm willing to simplify our tax code, close those loopholes, end incentives to ship jobs overseas, lower the rate for...
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Jan 25, 2012
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we need tax reform. we're learning so much about the incredible taxation placed on the working class in this country and the incredible tax benefits that are given to the wealthy in this country. and the trade policy that this is president as every president before with china that allows china to rig their currency at 50% on the dollar. those are sort of the core issues. >> i'm glad you brought up china. listen to what the president said last night about china and get your thoughts on this on the other side. take a listen. >> sure. >> millions of americans who work hard and played by the rules every day, music and software be pirated, it's not fair when foreign manufacturers have a leg up on ours only because they're heavily subsidized. tonight, i'm announcing the creation of a trade enforcement unit that will be charged with investigating unfair trading practices in countries like china. >> is that going to be enough, dylan? >> it won't be enough. i don't know that it's even fair for me to suggest that
we need tax reform. we're learning so much about the incredible taxation placed on the working class in this country and the incredible tax benefits that are given to the wealthy in this country. and the trade policy that this is president as every president before with china that allows china to rig their currency at 50% on the dollar. those are sort of the core issues. >> i'm glad you brought up china. listen to what the president said last night about china and get your thoughts on...
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Aug 4, 2011
08/11
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if you lower taxes on anything, you'll see more of it. if you raise taxes, you'll see less of it. on anything. the principle works in reverse. you have a great example. if you look at it, the cigarette tax is probably the best illustration of this, back in 2008. new york raised its cigarette tax by more than a dollar. the result, consumption goes down, the state smoking rate goes down by 12%. imagine if that principle -- not advocating a policy here -- but that principle could reduce smoking by 12%, by altering the tax code, we could make investing in america grow by 10%, 15%, 20%. that would add jobs by the millions because now you have money coming in and you're hiring people and saying, listen, i've got this money flying this n and you can invest it in your own country as opposed to a tax code right now that makes it more profitable to send the cash and the jobs that we have overseas and use it for financial speculation or trade or something that is not investment in america. >> a lot of people talk about the loopholes and the importance of closing these loopholes. how does tha
if you lower taxes on anything, you'll see more of it. if you raise taxes, you'll see less of it. on anything. the principle works in reverse. you have a great example. if you look at it, the cigarette tax is probably the best illustration of this, back in 2008. new york raised its cigarette tax by more than a dollar. the result, consumption goes down, the state smoking rate goes down by 12%. imagine if that principle -- not advocating a policy here -- but that principle could reduce smoking by...
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Jul 19, 2012
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o0 c1 our current dividend tax rate will expire this year, sending taxes through the roof and hindering economic recovery. the consequences? millions of americans will see their taxes on dividend income spike, slowing investment in u.s. companies and jeopardizing development in energy projects that create american jobs. ask congress to stop a dividend tax hike -- to deposit checks at the nearest citibank branch. ♪ like this one. ♪ or this one. ♪ or, maybe this one. ♪ but when it's this easy to use citibank mobile check deposit at home...why would he? ♪ woooo! [ male announcer ] citibank mobile check deposit. easier banking. every step of the way. >>> mitt romney in roxbury, massachusetts, suburb of boston there. he just started speaking moments ago. let's take a listen. >> someone else isn't responsible for what he did here. he's the one that took the risk. he's the one that built this enterprise. he's the one responsible for helping get these people these jobs. and then the people who work here, they're also responsible for helping build this business. they came together and
o0 c1 our current dividend tax rate will expire this year, sending taxes through the roof and hindering economic recovery. the consequences? millions of americans will see their taxes on dividend income spike, slowing investment in u.s. companies and jeopardizing development in energy projects that create american jobs. ask congress to stop a dividend tax hike -- to deposit checks at the nearest citibank branch. ♪ like this one. ♪ or this one. ♪ or, maybe this one. ♪ but when it's this...
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Dec 12, 2012
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especially on the tax rate issue alo alone. the evidence from the polling and point it a solid proof of at least what the american people expect on that issue. >> that's right. a lot of the pessimism comes from the debt ceiling deal when john boehner walked away and stopped returning some of those phone calls. i think there is skepticism because of that past experience in 2011. as you pointed out, there seems to be more of an appetite for compromise and we just came out of a presidential election where pop campaigned on the balanced deal and won decisively. >> thank you, mark. great pleasure seeing you. right now, stocks are up after the fed announced it will maintain an aggressive program to help revive the economy. they are up about 41 points. investors are laser focused of course on the fiscal clip talks. joining me now is cnbc's launch show. like what the headlines are regarding how the talks are going. the majority said the investors are patient and wall street is patient. we read an article that said make plans with their
especially on the tax rate issue alo alone. the evidence from the polling and point it a solid proof of at least what the american people expect on that issue. >> that's right. a lot of the pessimism comes from the debt ceiling deal when john boehner walked away and stopped returning some of those phone calls. i think there is skepticism because of that past experience in 2011. as you pointed out, there seems to be more of an appetite for compromise and we just came out of a presidential...
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Nov 14, 2012
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the president left himself room on tax rates. on the negotiations. he wants -- we know what he wants. he wants the tax rates to rise on the fiscal cliff for the top 2% but he left himself an opening some wriggle room. maybe doesn't have to be the full 39% rise. maybe it's somewhere in the middle. he is willing, he is showing openness. i have heard of republicans very pleased with that answer if you will. and then on the second thing, i thought the distance that he was choosing to have from the petraeus investigation was something worth marking there. a couple of chances that he really trying to keep his distance from the entire episode. >> also, as well, the language the president chose to use regarding immigration and the gop's recognition since this election that the latino vote in this country represents so much more, especially now as the president said you see latino voters showing up and taking the civic responsibility and showing that they have power in their vote. >> well, that's right. tamron, it's no accident. i think he wanted to make sure
the president left himself room on tax rates. on the negotiations. he wants -- we know what he wants. he wants the tax rates to rise on the fiscal cliff for the top 2% but he left himself an opening some wriggle room. maybe doesn't have to be the full 39% rise. maybe it's somewhere in the middle. he is willing, he is showing openness. i have heard of republicans very pleased with that answer if you will. and then on the second thing, i thought the distance that he was choosing to have from the...
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Jan 17, 2012
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for most people in the tax system, the more you earn, the more in taxes you pay. the capital gains tax, which is 1 15%, which is why romney's rate is so low, that turns it on its head. people that are really wealthy are take advantage of this tax rate. you'll see a lot of -- >> the reality is, and as you pointed out today, mitt romney talked about he's probably in the 15% rate. we know that he's a multimillionaire. the new york times and others have reported on what's believed to be the money he gets from bain capital. we know in california his family was building a multimillionaire mansion. why not come out and give the numbers. it's not a secret. i might guess your income. you might guess my income. there's no guessing. we know this guy has cash. >> you look at the bush tax cut debate, it came down to not if people have money but paying lower tax rates than other people. this whole issue is why warren buffet said my secretary is paying more in taxes than i have. it's just the idea that he's paying this low tax rate of 15%. that's lower than what a lot of middle
for most people in the tax system, the more you earn, the more in taxes you pay. the capital gains tax, which is 1 15%, which is why romney's rate is so low, that turns it on its head. people that are really wealthy are take advantage of this tax rate. you'll see a lot of -- >> the reality is, and as you pointed out today, mitt romney talked about he's probably in the 15% rate. we know that he's a multimillionaire. the new york times and others have reported on what's believed to be the...
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Nov 29, 2012
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we want increased taxes. if republicans, if you guys want entitlement reforms, you need to name them. republicans are saying, the white house and democrats know what we want when it comes to medicare, when it comes to social security. they need to actually come out and pick them. democrats, on the other hand, are almost kind of like, no, you guys need to name this stuff first before we start talking about it. again, thomas, we really are in the stage right now where this is a lot more about pr. it's about press conferences rather than hard negotiating. which we won't reach until about mid-december. >> mark murray, thank you, sir. i appreciate it. >>> coming up in less than a half an hour from now, the start of the u.n. general assembly session that is expected to result in an overwhelming approval of a resolution recognizing palestine as a state. that resolution is strongly opposed by israel and the u.s. which failed n eed in its effor prevent today's vote. joining me now is israeli vice minister, silvan shal
we want increased taxes. if republicans, if you guys want entitlement reforms, you need to name them. republicans are saying, the white house and democrats know what we want when it comes to medicare, when it comes to social security. they need to actually come out and pick them. democrats, on the other hand, are almost kind of like, no, you guys need to name this stuff first before we start talking about it. again, thomas, we really are in the stage right now where this is a lot more about pr....
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Nov 9, 2012
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tax cuts and the president supports these tax cuts. let's get them done and extend them. it's an excellent signal for the american people that we in washington can come together and take action in a manner that the american people support. yes. >> a couple of questions, jay. thank you. what's the thinking behind the president going to southeast asia at such a critical time for fiscal cliff negotiations? is there a risk of missing an important time frame to capture an agreement? >> well the president, as he announced today, will meet with leaders of congress before his trip. i'm absolutely certain that the work that is begun there will continue while he's traveling. the president's trip to asia is an opportunity to build on our successful efforts to refocus on the asia-pacific as the most rapidly growing and dynamic region in the world. the president will focus on expanding u.s. trade and economic ties in the region supporting democracy and human rights and working through regional institutions to assure they abide by rules of the road.
tax cuts and the president supports these tax cuts. let's get them done and extend them. it's an excellent signal for the american people that we in washington can come together and take action in a manner that the american people support. yes. >> a couple of questions, jay. thank you. what's the thinking behind the president going to southeast asia at such a critical time for fiscal cliff negotiations? is there a risk of missing an important time frame to capture an agreement? >>...
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Sep 19, 2011
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tax breaks for big corporations. about a trillion for drawing down troops in iraq and afghanistan. another $580 billion coming through entitlement reform to medicare and medicaid. social security is not on the table under this plan. the battle lines are really being drawn already. the period laid out his plan today and they are seeing a lot of heated words on both sides. nancy pelosi is encouraged by the plan and you have a lot of republican who is are calling this dead-on arrival and saying it's class warfare. accusing the president of politics and trying to rally his base. whether or not that is the case, some folks in his base do seem to be encouraged by this. we will have to see how it plays out. these are recommendations to the super committee to find about $1.5 trillion in reductions by thanksgiving. >> joining me now live is democratic leader james clyborn of south carolina. thank you so much for your time. >> thank you so much for having me. >> republicans are saying this is dead-on arrival. many believe ther
tax breaks for big corporations. about a trillion for drawing down troops in iraq and afghanistan. another $580 billion coming through entitlement reform to medicare and medicaid. social security is not on the table under this plan. the battle lines are really being drawn already. the period laid out his plan today and they are seeing a lot of heated words on both sides. nancy pelosi is encouraged by the plan and you have a lot of republican who is are calling this dead-on arrival and saying...
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Feb 22, 2012
02/12
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he only called for preserving the existing tax rates, the bush top tax rate of 35%. conservatives supply sirds in particular want to hear the words tax cut to try and jump start economic growth because they believe that would be the result. so mitt romney has done that, cuts all the rates as you mentioned. beginning with the lowest rate of 10%, it goes down to%, top rate of 35 goes down to 28. 20% of 35 is a lot more than of 8. mitt romney is vulnerable to the charge he would be giving a lot of tax benefits to high income people. his answer to that is i will keep this revenue neutral, prevent the government from losing money by taking away from deductions from upper income people. he hasn't specified those deductions but that's what we'll be looking for in the coming months. >> wouldn't it have been wise to specifies those deductions knowing he's vulnerable and where he was being treated unfairly but he said nonetheless he wasn't concerned about the very poor, he he was concerned he says about the middle class, it would seem to me, john, he would come out more clearl
he only called for preserving the existing tax rates, the bush top tax rate of 35%. conservatives supply sirds in particular want to hear the words tax cut to try and jump start economic growth because they believe that would be the result. so mitt romney has done that, cuts all the rates as you mentioned. beginning with the lowest rate of 10%, it goes down to%, top rate of 35 goes down to 28. 20% of 35 is a lot more than of 8. mitt romney is vulnerable to the charge he would be giving a lot of...
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Dec 28, 2012
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incomes under $20,000 will get hit with a $400 tax hike. between $20,000 and $40,000, more than 1,200 more. $40,000 of $65,000, $1,900 and between $65,000 and $108,000, expect to pay $3,500 more in taxes and anything above that, uncle sam's going to take more than $14,000. joining me to talk about this, congressman yarmuth of kentucky. you are due back in washington sunday we're told. what will you tell your constituents if they're subject to those tax hikes that i just showed? >> well, i'm going to tell them what i've been saying and that is that unfortunately we have a republican majority in the house that doesn't believe in raising taxes on anyone, no matter how well think they may be. and really, is not interested in a balanced approach to deficit reduction. it's been pretty clear that that's the story we have been telling and it happens to be the truth. >> i understand that two of colleagues proposed cuts to medicare for a hike in the debt ceiling. what do you make of that offer? >> i think one of the things that people don't realize i
incomes under $20,000 will get hit with a $400 tax hike. between $20,000 and $40,000, more than 1,200 more. $40,000 of $65,000, $1,900 and between $65,000 and $108,000, expect to pay $3,500 more in taxes and anything above that, uncle sam's going to take more than $14,000. joining me to talk about this, congressman yarmuth of kentucky. you are due back in washington sunday we're told. what will you tell your constituents if they're subject to those tax hikes that i just showed? >> well,...
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Jul 18, 2012
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because his tax policy is to take the tax on small business from 35% to 40%. i say that because most small businesses are taxed as individuals. and he wants to raise the marginal tax rate from 35 to 40%. and then they said if that policy gets put in place, it will kill 710,000 jobs. that's the direction of this president, and there's something else i think that you ought to know. and that is when something's in trouble, when people need good jobs, you would think the president would focus all of his energy and passion on helping people get jobs. but you know what he's been doing over the last six months? yeah, in the last six months, he has held 100 fund-raisers. and guess how many meetings he's had with his jobs council? none. zero. zero in the last six months. it makes it very clear where his priorities are. his priority is not creating jobs for you. his priority is trying to keep his own job and that's why he's going to lose it. he is simply out of touch with what's happening in this country. and he's out of ideas. he's offered no new ideas to get the econo
because his tax policy is to take the tax on small business from 35% to 40%. i say that because most small businesses are taxed as individuals. and he wants to raise the marginal tax rate from 35 to 40%. and then they said if that policy gets put in place, it will kill 710,000 jobs. that's the direction of this president, and there's something else i think that you ought to know. and that is when something's in trouble, when people need good jobs, you would think the president would focus all...
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Dec 4, 2012
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republicans have to realize they have to cave on tax rates. the only question is what to get in return. they should demand the year 2013 will be spent putting together a pro-growth and entitlement reform package to put this country on a sound financial footing through 2040. i want to show you what ishg sken boles said. he said while i'm flattered he calls it the bowles plan, it does not represent the simpson-boles plpla plan. >> i almost always agree with brooks. i think serious tax reform has to be the next phase. i hope there's a commitment to it. you know, backing up on the revenue and what republicans need to do, i think the approach that republicans are saying is if there's a number, there are ways to get -- a variety of ways to get to the number. we want to get to a number and do it in a way to stimulate the economy and encourage growth. so there's just lots of ways of getting to a number, and it doesn't have to be that top marginal rate. you can do it through closing of loopholes and capital gains and a number of different ways to do it
republicans have to realize they have to cave on tax rates. the only question is what to get in return. they should demand the year 2013 will be spent putting together a pro-growth and entitlement reform package to put this country on a sound financial footing through 2040. i want to show you what ishg sken boles said. he said while i'm flattered he calls it the bowles plan, it does not represent the simpson-boles plpla plan. >> i almost always agree with brooks. i think serious tax...
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Oct 1, 2012
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the cut in tax rates. >> the cut in tax rates is lower all american tax rates by 20%. >> how much does that cost? >> it's revenue neutral. >> it's not revenue neutral unless you take away the deductions. we're going to get to that. >> lowering tax rates by broadening the tax base works. and you can -- >> but you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all of the math. >> what's your response to that answer, steve, just the whole series of back and forth there? >> i think that really that's the wrong argument to have if you're paul ryan. >> what do you mean that's the wrong argument? he's the numbers guy. he's the fiscal responsible face of the republican party, what other -- is he supposed to be on the front line for foreign policy? this was supposed to be his game. why is that the wrong argument? >> i didn't say it was the wrong issue. i said the wrong argument. those are two different things. >> okay. >> to me he's accepting the premise of the questions that taxing and spending and how big the government is and the role of
the cut in tax rates. >> the cut in tax rates is lower all american tax rates by 20%. >> how much does that cost? >> it's revenue neutral. >> it's not revenue neutral unless you take away the deductions. we're going to get to that. >> lowering tax rates by broadening the tax base works. and you can -- >> but you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all of the math. >> what's your...
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Nov 8, 2012
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speaker boehner says he's open to tax revenue, also spending cuts. similar to the speaker boehner before some of the house republicans got ahold of him, and he basically pulled back on a deal struck with the president. >> yeah. i mean, this is a complicated thing for speaker boehner because he doesn't have a lot of chips here. obama can sit on his hands and not sign any extension of the bush tax cuts. so he's got a very difficult task ahead. i think he has less leverage than in the summer of 2011. he signaled very publicly yesterday he's open to revenue raisers. what that constitutes is anyone's guess. it could be a magic dynamic growth stuff, but he realized at this jeng tunction tur he doesn have a lot of chips to play. he has to go back to his caucus and sell it. >> let's see what he said on reaching out to congressional republicans. let's play it please. >> that door is open. it has been open. what we want to do is break that misguided notion that somehow obstruction is a winning strategy and that partisan ship should take precedence over progres
speaker boehner says he's open to tax revenue, also spending cuts. similar to the speaker boehner before some of the house republicans got ahold of him, and he basically pulled back on a deal struck with the president. >> yeah. i mean, this is a complicated thing for speaker boehner because he doesn't have a lot of chips here. obama can sit on his hands and not sign any extension of the bush tax cuts. so he's got a very difficult task ahead. i think he has less leverage than in the summer...
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Dec 19, 2012
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it allows for more tax breaks. the average millionaire in the proposal from john boehner gets about a $50,000 additional tax break. the middle class gets increases because their plan eliminates the child care tax credits and others that the middle class enjoy. it increases costs in medicare because it doesn't deal with the rate cut for providers. the most baffling components of it, there no spending cuts at all in the republicans's plan b proposal. when i say that it seems clear they are not serious, it's for those reasons. where is the balance and the seriousness that the republicans need to continue to sit down with the president who has been more than willing to compromise and made significant moves towards the republicans and instead the republicans turn and run the opposite direction. it's not just baffling, but irresponsible. >> thank you so much for your time. greatly appreciate it. while the question took question after question on the fiscal cliff, he opened with an announcement of his first move towards c
it allows for more tax breaks. the average millionaire in the proposal from john boehner gets about a $50,000 additional tax break. the middle class gets increases because their plan eliminates the child care tax credits and others that the middle class enjoy. it increases costs in medicare because it doesn't deal with the rate cut for providers. the most baffling components of it, there no spending cuts at all in the republicans's plan b proposal. when i say that it seems clear they are not...
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Jul 11, 2012
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i mean, if you raise taxes or you don't raise taxes, that's up to the elected leaders of the city of scranton. and you know, we need some help here from them. you can't keep asking the employees basically to work for free. so we're going to find out in the coming days if these people wake up and see the light here. >> sam, i greatly appreciate your time as mentioned. you've taken a 62% pay cut like so many others. we heard one guy say i can go down the street and scoop ice cream and make more money than i can as a firefighter in that town. obviously, that is a tragedy to any of our ears. we'll see what happens next in your town. thank you. >>> up next, middle class messenger? >> you can count on my husband because that's what he's been doing every single day as president of the united states. >> that's what people are calling the first lady these days, the middle class messenger. and yet again, the obama re-election campaign depending on michelle obama to help connect with struggling swing state voters. plus, secretary of state hillary clinton, well, she's about to make history with
i mean, if you raise taxes or you don't raise taxes, that's up to the elected leaders of the city of scranton. and you know, we need some help here from them. you can't keep asking the employees basically to work for free. so we're going to find out in the coming days if these people wake up and see the light here. >> sam, i greatly appreciate your time as mentioned. you've taken a 62% pay cut like so many others. we heard one guy say i can go down the street and scoop ice cream and make...
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Nov 19, 2012
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the rest of it, the amt, the farm bill, there are many tax issues besides just the income tax rate we have to resolve, too. i worry about the estate tax done and other ones done if we can, and then push the other matters to next year. >> thank you so much for your time. we greatly appreciate it. talk with you soon, hopefully. thank you. >> thank you. >> the first read team reports there's a sense in the white house they need a cease-fire negotiation in the middle east asap. it could come down to a test of the new egyptian government. nbc's deputy political editor mark murray will join us live. plus, new jersey governor chris christie, you might say he stole the show on "snl." >> you have been wearing that fleece a lot. >> yaeshgs it's basically fused to my skin at this point. >> we'll have more. it's one of the things we thought you should know. >>> welcome back. president obama now on the last leg of his unprecedented trip to southeast asia. the president went to the east asia summit after visiting thailand and myanmar, where he became the first u.s. president to visit the once isola
the rest of it, the amt, the farm bill, there are many tax issues besides just the income tax rate we have to resolve, too. i worry about the estate tax done and other ones done if we can, and then push the other matters to next year. >> thank you so much for your time. we greatly appreciate it. talk with you soon, hopefully. thank you. >> thank you. >> the first read team reports there's a sense in the white house they need a cease-fire negotiation in the middle east asap. it...
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Aug 17, 2012
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another chance to release more tax returns. the obama campaign this morning let it be known it would stop criticizing romney for not releasing more returns if he would just release five years' worth including two returns he released or promised to release. romney's camp replied with a no thanks saying in part it is clear that president obama wants nothing more than to talk about governor romney's tax returns instead of the issues that matter to voters. but it was just yesterday romney made what our first read team calls an unforced error when he remarked he paid at least 13% in taxes over the past decade. first read says 13% is a very low number for a multi-millionaire like romney and it demonstrates how the current rules and loopholes benefit the wealthy. as romney tries to fend off the tax attacks part of his running mate paul ryan is dealing with issues from his past as well. did he ask for the stimulus money? that is one of the hot ones today. >> a report came out again today in the ap. it was a repeat of "the wall street j
another chance to release more tax returns. the obama campaign this morning let it be known it would stop criticizing romney for not releasing more returns if he would just release five years' worth including two returns he released or promised to release. romney's camp replied with a no thanks saying in part it is clear that president obama wants nothing more than to talk about governor romney's tax returns instead of the issues that matter to voters. but it was just yesterday romney made what...